NEW PEOPLES BANKSHARES INC reported first-quarter 2026 results with revenue of $837K, net income of $3.06M and diluted EPS of $0.13, compared with $877K, $1.91M and $0.08 in the year-ago quarter.
Financial Highlights
MetricCurrent quarterPrior year quarterYoY changeRevenue¹$837K$877K(4.6%)Net income²$3.06M$1.91M60.5%Diluted EPS³$0.13$0.0862.5%¹ Reported as “Service charges and fees”. ² Reported as “Net Income”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Net interest income rose 15.9% year over year, supported by higher loan yields and average loan growth of $57.8M.
- Deposits increased $29.4M (3.7%), with a shift toward money market and savings accounts and seasonal inflows.
- Noninterest income climbed 9%, led by financial and investment services and card processing revenue.
- Efficiency improved to a 63.17% ratio as noninterest expenses slightly declined and cost controls held.
- Management adjusted the CECL allowance for geopolitical risk and completed stabilization of core processing following a 2025 conversion.
Original SEC Filing:
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